111 Northwest 15th Place

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111 Northwest 15th Place

Pompano Beach, FL 33060
Asking Price
$4.75M
Asset Type
Multifamily
Class
Class B

What's Special

111 Northwest 15th Place is situated in a mixed-use district of Pompano Beach, Florida, characterized by a blend of residential pockets and industrial corridors. The location provides immediate access to major regional thoroughfares, including Interstate 95 and Atlantic Boulevard, facilitating commutes throughout Broward County. Local amenities include the nearby Pompano Beach Amphitheater, community parks, and several retail centers. The property is positioned within a short drive of the beachfront district and the city’s municipal golf course, offering proximity to both employment hubs and recreational destinations. This multifamily asset is well-suited for a workforce housing strategy or a value-add renovation project. The location typically attracts a tenant profile consisting of local service-sector employees and commuters seeking functional housing with direct highway access. The surrounding neighborhood's zoning and current development trends support long-term residential occupancy. Given the proximity to light industrial zones and public transit links, the site serves as a practical housing option for individuals employed in the surrounding commercial sectors of Pompano Beach and North Broward.

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NOI
$80,000
Cap Rate
1.68%
DSCR
0.28
Underwater
Cash-on-Cash
-14.18%
Monthly Payment
$23,500.408
Annual Cash Flow
$-202,004.9

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